Section 10.50.860. Maintenance of records.

Unless otherwise provided in an operating agreement, a limited liability company shall keep at its main office
        (1) current and past lists that state in alphabetical order the full name and last known mailing address of every member and manager of the company;
        (2) a copy of the company's articles of organization and amendments to the articles, including a signed copy of a power of attorney used by a person who signed articles of amendment for the company;
        (3) a copy of the company's federal, state, and local income tax returns and financial statements, if any, for the three most recent years or, if the returns and statements are not prepared, a copy of the information and statements provided to, or that should have been provided to, the members to enable the members to prepare their federal, state, and local tax returns for the three-year period;
        (4) a copy of any effective operating agreement of the company, amendments to the agreement, and former operating agreements;
        (5) unless contained in an operating agreement,
             (A) a document stating the amount of cash contributed by a member of the company, the agreed value of other property or services contributed by a member, and when a member is to make additional contributions;
             (B) a document stating the events, if any, that cause the company to be dissolved and its affairs wound up; and
             (C) other documents that an operating agreement requires the company to prepare.

Authorities

10.50.170

Notes

References

AS 10.50.170 Rights, powers, and liabilities of assignee who becomes a member.

History

(Sec. 1 ch 99 SLA 1994)